Trust administration and relationship property update by a team from Polson Higgs and Duncan Cotterill
Contributor(s): Sherratt, Debbie | Lang, Richard | Barton, Jeremy.Series: Professional Development course paper (New Zealand Institute of Chartered Accountants). Publisher: Wellington, New Zealand New Zealand Institute of Chartered Accountants (NZICA) 2009Description: 1 v. : ill. 30 cm.ISBN: 9781877469374.ISSN: 1173-9851.Subject(s): TRUSTS | TRUSTEES | TAXATION | DISCRETIONARY TRUSTS | BENEFICIARIES | INVESTMENT TRUSTS | INVESTMENTS | Trusts
|Item type||Home library||Call number||Vol info||Copy number||Status||Date due||Barcode||Item reserves|
|New Zealand||S.931 (Browse shelf)||931||1||Available||CA004594|
|New Zealand||S.931 (Browse shelf)||931||2||Available||CA004665|
INTRODUCTION & TRUST STRUCTURES: Introduction to family trusts ; Common trust types & structures ; Variation and resettlement ; RELATIONSHIP PROPERTY & TRUSTS: Relationship property - the basics ; Relationship property claims against trusts ; Structuring trusts with relationship property in mind ; Dividing trust post-separation ; INCOME TAX PROVISIONS REVISED: Income tax purposes - types of trusts ; Tax on trustee income ; Requirement to file tax returns ; Tests for beneficiary income ; Residency ; Beneficiary distributions ; Beneficiaries occupying family home owned by trust ; Resettlements ; RECENT TAXATION DEVELOPMENTS: Foreign investment funds ; Portfolio investment entities rules (PIE) ; Listed and unlisted PIE investments ; Accounting for PIE and FIF income ; Reforming the Income Tax Act definitions of "associated persons" ; Changes in taxation rates ; Changes announced 4 February 2009 ; TRUST ADMINISTRATION & CLAIMS AGAINST TRUSTS: Trust management ;Trustee decisions & resolutions ; Transfer of property to trusts ; Professional trustees & limitation of liability ; TRUSTEE DUTIES AND PRUDENT INVESTMENT: Trust investment in the spotlight ; Trustee duties ; Investment of trust funds ; Investment - the challenges ; Basic steps to ensure prudent investment ; Summary INVESTMENT ADVICE: Overview ; APPENDICES: Checklists ; Resolutions ; Registers
Outlines the legal concepts and the basic ingredients of a trust. Updates all relevant information on the subject of trust administration and relationship property.